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| Author | : Barry J. Eichengreen |
| Publisher | : MIT Press |
| Total Pages | : 396 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 9780262550598 |
An analysis of the connections between capital flows and financial crises as well as between capital flows and economic growth.
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
| Author | : Cecilia Winters |
| Publisher | : |
| Total Pages | : 178 |
| Release | : 1987 |
| Genre | : Capital movements |
| ISBN | : |
| Author | : Stefano Manzocchi |
| Publisher | : Springer |
| Total Pages | : 213 |
| Release | : 2016-01-06 |
| Genre | : Business & Economics |
| ISBN | : 1349276200 |
The object of this volume is to evaluate the pattern and the function of foreign capital in developing countries in a long-run perspective. The main conceptual instruments employed are the theory of economic growth, and the techniques associated with recent advances in growth econometrics. This empirical work points out that there is no mechanical trade-off between the short-term dangers and the long-run gains from capital market integration, but the growth benefits of foreign capital in transforming economies are conditional on an effective destination of the resources. Over-borrowing and excessive consumption are the main pitfalls in the short- as in the long-run. Nevertheless, foreign capital can be conducive to faster growth and possibly higher welfare.
| Author | : Antu Panini Murshid |
| Publisher | : International Monetary Fund |
| Total Pages | : 43 |
| Release | : 2011-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1455253294 |
Recent commentary has downplayed the growth dividend from international financial integration, highlighting the possibly negative correlation between capital inflows and long-run growth. This paper presents new evidence consistent with standard economic theory and a more benign interpretation of cross-border private capital flows. The key observation is that a country’s growth volatility changes over time. With volatility below a threshold, an inflow of foreign capital has promoted growth. However, during periods of volatile growth, more flows have been associated with slower growth. Volatility levels and changes reflect an interaction of domestic production and institutional structures with global factors.
| Author | : Evelyn Wamboye |
| Publisher | : Springer |
| Total Pages | : 516 |
| Release | : 2017-03-16 |
| Genre | : Business & Economics |
| ISBN | : 1137534966 |
This collection examines the extent to which foreign capital from conventional (OECD countries) and non-conventional (BRICS) sources has impacted economic development in Africa over the last two decades. It provides in-depth analyses of the nature, motives, and implications of this capital, and identifies drivers of contemporary rapid growth within and across African countries. Authored by leading experts, the book offers original insights for academics, policymakers, and practitioners studying the changes taking place in Africa as the continent strides more confidently toward integration with the global economy. The major themes addressed in this book include:• The implications of growing Chinese engagement in Africa • BRICS countries' versus OECD countries' investment contributions to Africa• The politics of land, land grab, and the puzzle of inclusive development in Africa• Foreign research and development spillovers, trade linkages, and productivity in Africa• Foreign aid effects on social sector, growth, and structural change in Africa• Remittances, foreign debt, resource management, and economic development in Africa
| Author | : Md. Murad Ahmed |
| Publisher | : |
| Total Pages | : |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
| Author | : Evelyn M. Go |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 1985 |
| Genre | : Economic assistance |
| ISBN | : |
| Author | : Mr.Harm Zebregs |
| Publisher | : International Monetary Fund |
| Total Pages | : 29 |
| Release | : 1999-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451854889 |
This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by international differences in technologies than short-term financial flows. International capital movements are investigated in the context of various technology specifications, ranging from models with only one common technology to those with multiple and endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.
| Author | : Eswar S. Prasad |
| Publisher | : |
| Total Pages | : 76 |
| Release | : 2007 |
| Genre | : Capital movements |
| ISBN | : |
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current account balances and growth among nonindustrial countries, implying that a reduced reliance on foreign capital is associated with higher growth. This result is weaker when we use panel data rather than cross-sectional averages over long periods of time, but in no case do we find any evidence that an increase in foreign capital inflows directly boosts growth. What explains these results, which are contrary to the predictions of conventional theoretical models? We provide some evidence that even successful developing countries have limited absorptive capacity for foreign resources, either because their financial markets are underdeveloped, or because their economies are prone to overvaluation caused by rapid capital inflows.
